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XL Group launches Shariah-compliant equine policy

Horse race

XL Group, together with Cobalt Underwriting, has launched the first Shariah-compliant product to be available through Lloyd's of London.

The cover is an equine product which responds to named perils, mortality, theft, infertility and permanent disability, amongst other risks.

Richard Bishop, CEO at Cobalt Underwriting, said: "We are

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